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US Vice President Biden last week announced the selection of 25 communities for up to $452 million in Recovery Act funding to ramp-up energy efficiency building retrofits.
Under the Department of Energy’s Retrofit Ramp-Up initiative, communities, governments, private sector companies, and non-profit organizations will work together on pioneering and innovative programs for concentrated and broad-based retrofits of neighborhoods and towns–and eventually entire states.
The models created through this program are expected to save households and businesses about a $100 million annually in utility bills, while leveraging private sector resources, to create what funding recipients estimate at about 30,000 clean energy jobs across the country during the next three years.
In addition to the $452 million Recovery Act investment, the 25 projects announced today will leverage an estimated $2.8 billion from other sources over the next 3 years to retrofit hundreds of thousands of homes and businesses across the country.
Overall, the program funding was eight times oversubscribed, with more than $3.5 billion in applications received for the just over $450 million in Recovery Act funds available, indicating significant demand for investment in energy-saving projects nationwide.
Grantees will employ innovative financing models to make these savings accessible, for example by offering low and no-interest loans that are repaid through property tax and utility bills. In implementing these projects, grantees will deliver verified energy savings and incorporate sustainable business models, to ensure that buildings will continue to be retrofitted after Recovery Act funds are spent.
The Department will use the lessons learned from these pilot programs to develop best-practice guides to comprehensive retrofit programs that can be adopted and implemented by other communities across the country.
The following governments and non-profit organizations have been selected for Retrofit Ramp-Up awards. These projects are planned to begin in fall 2010.
Austin, Texas: $10 million
Boulder County, Colorado: $25 million
Camden, New Jersey: $5 million
Chicago Metropolitan Agency for Planning: $25 million
Greater Cincinnati Energy Alliance, Ohio: $17 million
Greensboro, North Carolina: $5 million
Indianapolis, Indiana: $10 million
Kansas City, Missouri: $20 million
Los Angeles County, California: $30 million
Lowell, Massachusetts: $5 million
State of Maine: $30 million
State of Maryland: $20 million
State of Michigan: $30 million
State of Missouri: $5 million
Omaha, Nebraska: $10 million
State of New Hampshire: $10 million
New York State Research and Development Authority: $40 million
Philadelphia, Pennsylvania: $25 million
Phoenix, Arizona: $25 million
Portland, Oregon: $20 million
San Antonio, Texas: $10 million
Seattle, Washington: $20 million
Southeast Energy Efficiency Alliance: $20 million
Toledo-Lucas County Port Authority, Ohio: $15 million
Wisconsin Energy Conservation Corporation : $20 million
Read more on the selected projects at the link below.
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